mortdiggiddy

DOW JONES Bearish Divergence on Schiff-Pitchfork

FX:US30   Dow Jones Industrial Average Index
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October is bad for stocks. $SPY $DIA $QQQ $VXX $UVXY $GLD $IWM
Oct 05
Comment: DOW hits 20 Day and SPX hits 50 Day SMA. We may pause here for a moment.
Oct 10
Comment: Hanging out on 50 day SMA.
Oct 10
Comment: Ugly -600 point day.
Oct 10
Comment: We haven't seen this type of volatility since early February, and it is apparently for the same reasons. The lesson is that when bonds start to make new 52 week lows rapidly that the rate shock hits the stock market about 1-2 weeks later.
Oct 24
Comment: We are nearing the base rail of the fork. This could present some buying opportunities as October is generally a large bottom in the market into the Xmas rally.

https://charts.equityclock.com/sp-500-in...
Another day another dollar.

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Sure was! Great work!
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